HomeEconomyHousehold consumption fell in February

Household consumption fell in February

According to INSEE figures, the fall reached 0.8% in one year.

Although food prices still soared 15.8% year-on-year in March, household consumption fell 0.8% in February compared to the previous month, affected by lower spending on food and manufactured goods, INSEE reported on Friday. In one year, the fall reached 4%.

After an upwardly revised rebound of 1.7% in January, household consumption spending suffered a sharp fall of 1.2% on food purchases (more than 8% in a year) and 0.9% in those of manufactured goods.

Energy consumption remained almost stable (+0.1%), said the National Institute of Statistics.

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Author: CO with AFP
Source: BFM TV

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